Alten: penalized by a broker downgrade

(CercleFinance.com) - Alten is down more than 1%, penalized by a recommendation downgrade by Stifel from 'buy' to 'hold' with a price target lowered from 130 to 80 euros, as the broker expects 'the dynamic to remain negative for some time'.


'It seems to us that Alten is constantly reducing its revenue forecasts. Now we're at a point where sales could decline for the fourth quarter with no clear growth catalyst likely to emerge in 2025, in our view', he says.

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